READING, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)READING FOOD PANTRY INC, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $594K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $543K left a modest 9% surplus.
TO OPERATE A FOOD PANTRY FOR PEOPLE IN NEED IN THE COMMUNITY, TO ADDRESS HUNGER AND NUTRITION AND TO PROVIDE ASSOCIATED SERVICES AS DEEMED NECESSARY OR APPROPRIATE RELATED TO OPERATION OF A COMMUNITY FOOD PANTRY.
THE FOOD PANTRY DISTRIBUTED 179,064 POUNDS OF PERISHABLE AND NONPERISHABLE FOOD AND $38,140 OF SUPERMARKET GIFT CARDS. THE PANTRY SERVED 270 HOUSEHOLDS REPRESENTING 585 INDIVIDUALS FOR A TOTAL OF...
THE FOOD PANTRY DISTRIBUTED 179,064 POUNDS OF PERISHABLE AND NONPERISHABLE FOOD AND $38,140 OF SUPERMARKET GIFT CARDS. THE PANTRY SERVED 270 HOUSEHOLDS REPRESENTING 585 INDIVIDUALS FOR A TOTAL OF 6,082 VISITS. GUESTS ARE ALLOWED TO RECEIVE FOOD TWICE A MONTH. THE PANTRY SPONSORED A SUMMER LUNCH PROGRAM FOR APPROXIMATELY 38 HOUSEHOLDS WITH SCHOOL AGE CHILDREN WHO ARE ELIGIBLE TO RECEIVE FREE SCHOOL LUNCH DURING THE SCHOOL YEAR. THE PANTRY IS OPEN FOR FOOD DISTRIBUTION THREE TIMES EACH WEEK FOR A TOTAL OF 8 HOURS PER WEEK.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $594,259 | $495,499 | +0.2% |
| Expenses | $542,797 | $498,621 | +0.1% |
| Net Income | $51,462 | $-3,122 | -17.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SEAN TESORO | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HAROLD TORMAN | TREASURER/CLERK | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH YOUNG | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANNE BAYNES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MOIRA MCGOLDRICK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS SORIA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $594,259 | $542,797 | $454,377 | $51,462 |
| 2024 | $495,499 | $498,621 | $402,915 | $-3,122 |
| 2023 | $338,430 | $290,149 | $406,037 | $48,281 |
Compare READING FOOD PANTRY INC with other nonprofits in Massachusetts and across the country.